All City & finance articles – Page 523
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News
Jobs axed at Waterford Wedgwood as rescue talks continue
Almost 400 redundancies have been made at Waterford Wedgwood, the famous crystal and pottery specialist that fell into administration last week.
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Opinion
M&S was right to spend on stores
There was a time, not very long ago, when Marks & Spencer store interiors were frequently described as “Stalinist”. The inference was that while the stock might have been OK, the store design department had been virtually non-existent and the shops had been preserved in aspic from some point in ...
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News
Mosaic issues profit warning
Fashion group Mosaic has revealed total sales fell 1.2 per cent over the 23 weeks to January 3 and said that it expects full-year profits to be below last year.
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Opinion
A poor Yuletide but no wipeout
A week into the new year but - at least by the time Retail Week went to press - few formal profit warnings so far.
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News
Dunelm still confident despite turmoil in homewares sector
Homewares retailer Dunelm posted a 5.6 per cent drop in like-for-like sales for the 26 weeks to December 27 but insisted it is in “very robust shape” to weather the downturn.
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News
Debenhams upbeat as it defies market woes
Department store group Debenhams will continue to reduce SKUs and maintain tight stock control after defying forecasts to report better than expected Christmas trading.
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News
City's frosty outlook thaws as retailers keep the blues at bay
Retail stocks headed so far south last year they neared the stock market's equivalent of the Antarctic. As the January reporting season kicked in it brought news of like-for-like sales declines but in many cases met admittedly low expectations and there were hopes of a thaw in attitudes to the ...
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News
Signet suffers poor Christmas
US jeweller Signet has said it expects profits to be within market forecasts despite revealing that like-for-like sales slumped over the Christmas period.
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News
Interest rate cut to record low of 1.5%
Interest rates have been slashed to a historic low of 1.5 per cent.
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News
Findel pulls off 'satisfactory' Christmas
Home shopping group Findel has revealed a 4 per cent fall in group sales for the 39 weeks to January 2 – a performance it labelled “satisfactory in the current market”.
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News
Peacocks posts steady Christmas results
Fast fashion retailer Peacocks has reported a solid Christmas and secured a 20 mililon equity injection from its backers to fund expansion in 2009.
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News
Majestic Wine sales fall over Christmas
Specialist retailer Majestic Wine suffered a Christmas like-for-like decline as credit crunched business customers cut back on expenses.
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News
House of Fraser reports resilient Christmas
House of Fraser has reported that like-for-like sales fell 1.5 per cent over the Christmas period and has reassured on its financial position after paying back its bank loans ahead of schedule.
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News
Ted Baker promotions take their toll
Fashion retailer Ted Baker has warned that profits will come in at the low end of expectations as a result of promotions over Christmas.
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News
Thorntons reports dip in like-for-likes
Thorntons has reported a dip in like-for-like sales of 6.6 per cent for the 12 weeks to December 27.
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News
Alexon profit forecasts ahead of management expectations
Fashion group Alexon has said that it expects full-year operating profit to exceed management expectations after a robust performance in December.
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News
New Look reports sparkling Christmas
New Look has bucked the retail gloom to reveal a robust performance over the festive period.
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News
Adams in administration
PriceWaterhouseCoopers has been appointed administrator to the UK's largest independent childrenswear retailer, Adams.
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News
Baugur denies plans for Icelandic government to take retailer stakes
Baugur has issued a statement denying reports yesterday that the Icelandic government may take stakes in UK retailers as part of the country's financial restructuring.
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News
Mothercare photo concessionaire collapses
One of the UK's largest operators of photo studios, which operated the majority of its branches within Mothercare stores, has collapsed.